Hi traders, Hope you all trading well in the unstoppable bulls in XAUUSD, As the trade quote say, 'Go with the trend' this week also looks like bullish trend continues, more than technical this pair operates strongly with fundamentals, A weaker USD moves the Gold higher and higher, Dollar index also expected with some support, hope it respects, According to...
Hi all, Have a great trading week ahead, Gold against dollar pair touches the 2nd ever high price of 1817 last week, last 2 days of the week this pair seen the bearish momentum with the reversal candles.. expecting this week the selling pressure continues half of the week till 1775 at least, again it may reversal to reach the area around where it starts according...
Hello Traders, As we have seen gold had a Strong bullish move and reached Second All Time High. Price has cleared the current channel and had a retest.Now what am believing is the price shall move further upward till 1830.00 in the next week .
I hope you can now see how the GC1! represents an excellent Bearish Bat low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be...
Hi traders, Wish you for more profit in the coming week, Last week the Gold against dollar pair price went up and came down as predicted.. it touches the yearly high of 1790 and retraced 1758 - 1760 area twice in a week, I stick with the my Rising wedge analysis given last week, it can be a long term signal too .. may gold go down to 1700 area.. This week this...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1779.25). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAUUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
The counter was in a range bound from 21st May. Today the counter broke out the accumulation phase and it is expected to move upwards, so long is more preferable for the counter. The bullish trend expected to continue until this weekend. While placing the order, kindly add your stop loss at the price 1704.13. Since the counter is in the peak value we cannot...
Good movement is seen in the gold. May reach to the 51500 levels soon.
Global financial powerhouse Goldman Sachs raised its gold price forecast this week, expecting the rally to continue due to currency debasement fears and economic uncertainty caused by the coronavirus crisis. Goldman Sachs lifted its three, six and 12-month gold price estimates to $1,800, $1,900 and $2,000 per ounce, from $1,600, $1,650 and 1,800 per ounce,...
See the support and resistance before jump in . Clear and smooth scenario in H one timeframe.
doesnt have any indication of divergence , inflection & with a lot of noise & uncertainty, gold will rise.
gold facing clear rejection on the above if the price didn't sustain on the zone we could expect the price to 46300 and 46800
Need to wait and watch if gold gives upside breakout or breaks support 1680/1630 and starts downward journey
I am expecting a new high of 1800 on Gold sl and tp are given in chart
Gold MCX is Trading in Rising Wedge Technical Pattern as marked on the Chart above. Support zone For the Gold Seen at 46300- 46150 Which is the decisive levels. On the Upside Resistance is Capped at 48400, The Wedge Formation Resistance, We Suggest to Go Long on GOLD MINI for the Targets of 48400 and 49000 Place stoploss below the support Zone which comes out to...
Since March 17, gold has been in a process of market manipulation, leaving us with good entry areas and key signals. As of May 18, 2020, Elliot's impulse wave formation begins with beautiful harmonic patterns and after finishing the cycle of (1-2-3-4-5) with good results, the wave process started corrective (Corrective point "A" exceeds "level" 4 "of the" impulse...